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Investment Business law Reform E-government Local government Export Decentralisation Security Announcements Anti-Corruption Anti-Monopoly

•President Petro Poroshenko signed a bill amending the tax code and
putting regional tax inspectorates in an advisory role, according to
multiple news outlets. “No more raids by masked police and no more
corruption schemes,” Poroshenko said. He expressed confidence that
the quick implementation of the law would significantly improve
investment climate in Ukraine.

•The European Union, which was Ukraine's No. 2 recipient of wheat
exports in the 2015-16 marketing year, imported three times less
wheat in the same period this past marketing year, Ukrinform
reported, citing UkrAgroConsult.

•Naftogaz obtained a $500 million loan secured by a World Bank
guarantee for the purchase of gas, multiple sources repoted.

•The Odesa portside plant temporarily shut down
because of high natural gas prices and its debt to Naftogaz, multiple
news outlets reported.

•Nibulon harvested over 340,000 tons of agricultural crops in 2016,
a 10 percent rise from 2015, Interfax Ukraine reported. The company
said on its website that this is the largest harvest in its history.

•Top Ukrainian wireless carrier Kyivstar and its subsidiary
StarMoney LLC intend to launch an initial suite of financial
services in early 2017, most notably public transfers and payments to
third parties, Interfax Ukraine reported.

•President Petro Poroshenko has signed into law
the bill introducing a moratorium on scheduled inspections of small
and medium business until December 31, 2017, according to the
presidential press service.

•Money wiring into Ukraine picked up significantly
in the third quarter of 2016, increasing 10 percent from the same
period in 2015, according to several sources. The top countries for
money transfers to Ukraine were, in order, Russia, the United States,
Germany, Cyprus and Great Britain.

•Infrastructure Minister Volodomyr Omelian said
Ukraine might introduce subsidies for the purchase of electric
vehicles, Novoe Vremya reported. Ukrainians went on an
automobile-buying spree in 2016, and electric models are gaining
considerable cachet.

•Yanair is thinking about establishing its own
flight school at the Zhytomyr airport, Interfax Ukraine reported. The
airline director said pilots from all over Europe could get flight
time and training there.

•The
monopoly regulator fined two major pharmaceutical companies for
violating rules of fair competition, Novoe Vremya reported.
Switzerland-based Hoffman-La Roche received the larger fine by far,
while Venta also took a hit.

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